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通膨衝擊全解讀

通膨衝擊全解讀

昨晚,我跟供應商談價錢,談到半夜兩點!」一位國際筆電大廠台灣分公司的採購人員一臉苦惱:「談到半夜,對方開的價錢還是很硬。」 他負責筆電各類線材的採購,近來銅價大漲,上游供應商給他的線材報價已經跟著調高,「以前,拗一下,上游會願意砍價,這一次,對方毫不鬆口。」他坦言,隨著各種零配件價格攀高,公司內部也開始有調漲產品售價的討論 早自今年一月,美國十年期公債殖利率就開始反映通膨預期一路向上,現在看來,這片烏雲的黑影不但沒有散去,反倒像是從金融市場一路擴散,慢慢地,迫近一般民生消費。 這一片黑壓壓的通膨烏雲有多沉重?場景回到美國,五月十二日,美國勞工部公布了四月分的消費者物價指數(CPI),年增率達四.二%,遠高於三月分的二.六%與市場預估的三.六%,寫下二○○八年九月以來新高。 若考慮去年同期因為封城導致的「低基期」效應,改以月增幅來看,四月CPI月增○.八%,不僅高於三月的○.六%,亦遠超出市場預估的○.二%,創下近十三年最大增幅;若扣除波動較大的「食品」與「能源」品項,月增率更是創一九八一年以來紀錄。一連串的「意料之外」,讓隔日美股開盤各類指數同步重挫。…

台灣公司治理為何讓外資傻眼?

台灣公司治理為何讓外資傻眼?

「我只是想弄清楚,今天誰是公司的主席,但是,我搞不清楚,我不僅無法辨識誰在代表公司,更不知道他的『適任性』……。」吳麗莎急切地說。 來自美國明尼蘇達州(Minnesota)的她,從一九九五年起就長住台灣,還讀了台大GMBA,碩士論文以「台灣企業的環保行動」為題,說明她對台灣上市櫃公司早有觀察。於是,當她七年前加入亞洲公司治理協會(Asian CorporateGovernance Association,ACGA)後,負責的「管區」自然也就在這裡;去年底,該協會發表最新報告,台灣部分的作者欄,也印著她的英文本名Neesha Wolf。 報告裡,台灣的「公司治理」評分,在亞洲十二國位居第四,史上最佳成績;然而,今年八月底,協會報告的台灣區內容被翻譯成中文,並正式在國內公布,這才發現,吳麗莎對台灣的公司治理現況評論,不像她給台灣的分數「那般美好」。 「(台灣公司治理)規則制定了,報告提交了,問題是:有沒有發揮期望效用……?沒有,還不算有!」報告裡開宗明義地寫到,台灣公司治理架構「看起來像個成年人,但實際上,只能算是『青少年』。」…

2022全球經濟關鍵報告忐忑的成長

「這是QE歷程上的重大事件,對美國經濟和全球資金環境,都可能產生重大影響。」說話的,是瑞士信貸私人銀行亞太區副主席陶冬,時間,是十二月十五日聯準會利率決策會議後。 而在這一場會議中, 聯準會主席鮑爾(Jerome Powell)做出了幾項「關鍵決定」,看在陶冬眼中,這幾項決定所代表的,是聯準會「全方位」的政策轉向。 「放棄了『通膨是暫時的』這一慣常的表述…;放棄了『等待完全就業後再升息』的思惟,預計明年加息三次…;調高了GDP、CPI在二○二二年的預測,下修了失業率的預測…;三月中結束購債計畫。」針對句句聲明措辭,陶冬一一盤點,並細細品味。 隨後,在這篇題為《聯儲(聯準會)全面轉鷹》的專文中,陶冬寫到:「所有的轉身都是過去幾周發生的,表明美國貨幣當局在退出二○年版QE、推進貨幣環境正常化的路上,已經不那麼淡定了。」 大摩:兩座大山將退場 財政、貨幣政策「完成階段性任務」 「正常化」,這是展望二二年全球經濟的首要「關鍵字」。 時間再往前推,十一月十四日,投資銀行摩根士丹利(Morgan Stanley,以下簡稱大摩)發布了年度經濟展望報告,標題下的是:The Training…

2022全球經濟關鍵報告忐忑的成長

ALWAYS HUMBLE, ALWAYS CURIOUS

I first met Stella in 1996, back when I lived in New York; then, when I moved to London, we became friends. An absolute individual and highly intelligent, she was the sort of person you felt you wanted to know – and sometimes when you want to know someone, if you’re lucky, you get to. The thing about Stella was that she was so much more than a model. She is an indelible part of fashion’s vocabulary – she inspired the best designers, the best photographers – but beyond her role on set or on the runways, she was a liberated working mother who had figured out a way to succeed in this business while living in Scotland and holding on to her own identity. She may have been born into…

ALWAYS HUMBLE, ALWAYS CURIOUS

聽經濟起飛

台灣人因疫情宅在家,Podcast 成為父母的救星!這個推出近20 年的聲音媒體,去年在台掀起遲來熱潮,素人到企業紛紛投入,以往搶眼球注意力,現在則要攻佔耳朵。 蘋果用AirPods 和軟體服務,搭建出軟硬並濟的聲音宇宙;台灣多元的創作能量+無線耳機供應鏈,也撐起潛力無窮的產業新商機。獨家「2021 聽經濟大調查」,為你全方位解碼耳朵新戰場! 五月十五日,雙北防疫正式升級至三級。四天後,全台籠罩三級警戒。 街道空了,辦公室人少了。但Podcaster「維多叔叔」鄭哲偉,卻忙碌起來。 他主持的Podcast節目《維多叔叔的故事歡樂車》,在疫情急轉直下隔日十六號,上檔「冠狀將軍與疫苗軍師」。應景的兒童原創故事節目,在Apple Podcast排行瞬間從五十名外,直線暴衝入前十名;日訂閱數從一天二十人以下,狂增到八十人。 「父母焦慮感上升,小朋友在家,需要把時間塞滿的產品,Podcast最容易取得,」鄭哲偉頓時成了許多父母的救星。反映在排行榜前十名,這類兒童學習類節目,就佔據五名。 禁不住家長們敦促,鄭哲偉原本週末才更新節目,現在考慮一週更新兩到三次。…

聽經濟起飛
集團市值破1.5兆,今年來強增7成亞馬遜、石墨烯、元宇宙⋯ 都在它的投資地圖浪尖上的

集團市值破1.5兆,今年來強增7成亞馬遜、石墨烯、元宇宙⋯ 都在它的投資地圖浪尖上的

所謂「跨界」,必須先在既有範疇踩下沉著有力的腳印,再穩健跨步到全新領域,並且又領風騷。不容易,但是富邦集團做到了! 今年以來,集團核心事業富邦金控市值成長8成,背後動能是改寫金控業歷史紀錄的獲利表現。 另一事業富邦媒體科技同樣精采,市值狂升逾2倍,穩坐電商龍頭寶座,甚至撼動國內零售版圖。 然而他們的腳步沒有停下,還在持續不斷嘗試新的事物。對於這個站在浪尖上的老集團,你必須重新認識。 Profile 富邦集團 成立:60年 創辦人:蔡萬才 董事長:蔡明忠 上市公司: 富邦金控、台灣大哥大、富邦媒體科技 集團總市值: 1.54兆元(至10月底止) 主要非上市公司: 凱擘股份有限公司、富邦建設 跨足領域: 金融、電信、電商、有線電視、營建、體育 Profile 蔡明忠(左) 出生:1956年 現職:台灣大哥大董事長 經歷: 富邦金控董事長 學歷: 台大法律系美國喬治城大學法學碩士 家庭: 育有2子2女,蔡承穎、蔡承道、蔡承融、蔡承翰 Profile 蔡明興(右) 出生:1957年 現職:富邦金控董事長 經歷: 富邦綜合證券董事長 學歷: 台大商學系美國紐約大學史登商學碩士 家庭:…

台積電再飆3年

台積電再飆3年

很多人忘了,台積第一張大單,其實來自英特爾。 一九八八年,時任英特爾執行長的葛洛夫(Andrew Grove)來到台灣,決定順道過來剛成立一年的台積電看看。 當時台積只有一條移轉自工研院的六吋晶圓產線,三微米製程,「落後英特爾跟德州儀器二.五個世代,但我們良率不錯,讓他印象深刻說,『也許英特爾可以用你們,』」台積電創辦人張忠謀曾在二○一一年美國《聖荷西水星報》的專訪說。 根據清大教授洪世章《打造創新路徑》一書的訪談,當時英特爾提了兩百個刁鑽的問題,台積一一解決,才在一年後通過了英特爾的認證,得以代工部份的處理器與晶片組。 張忠謀曾告訴部屬,為英特爾代工的過程,「顯著提升台積的工程能力。」 更重要的是,有當時全世界最先進的科技公司背書,取得其他廠家的訂單,就容易多了。這是台積成立初期業績起飛的一大關鍵。 台積攻:率先量產七奈米 張忠謀:只是要他們把製造生意讓給我 然而,三十多年後,情況扭轉。二○一八年,台積成功量產七奈米製程之後,終結了英特爾蟬聯多年的半導體技術龍頭地位。 這家巨無霸的產業地位,因此岌岌可危。在個人電腦、伺服器的市佔,也快速流失。…

The HEIRESS

137億度電的取捨

137億度電的取捨

決戰十二月十八日,「四大公投」投票日剩下不到一個月,正、反方展開大辯論,互不相讓。 四大提案中,包括是否同意重啟核四(位於新北貢寮的龍門核能發電廠)、中油第三天然氣接收站(桃園觀塘液化天然氣接收站,以下簡稱三接)遷離桃園大潭藻礁海岸這兩案,牽動台灣「減煤增氣」、「非核家園」的能源轉型路線是否還能持續走下去。 涉及供電、減空汙、生態保護等層面的三接,從連署、成案,不同主張持續交鋒、爭吵不斷,公投若過,目前已施工近三年的三接要停工遷更是一場影響台灣能源轉型成敗的關鍵戰役。 想像一下,當台灣不要核電、不要燃煤造成空汙、要持續減碳,要綠電、天然氣等能源轉型,也要台積電、台商回流等經濟發展,又期待供電穩定、不缺電,同時還能顧及環境生態……,怎麼可能做到?這是正反雙方交鋒的火線時刻,也是全民價值選擇的關鍵時刻,這時,沒有人是局外人,取捨絕對是必要的。 三接爭議,到底吵什麼?釐清四大關鍵提問,答案或許跟你想的不一樣。 關鍵提問1》遷三接影響供電? 全台調度更吃緊 關鍵提問一:三接遷離現址,不會影響電力供應?答案是,不只電力調度更吃緊,減煤成果也可能倒退。 打開經濟部能源局二○ 一九、二○…

THE LAST COMPUTER TYCOON SITTING

The previous week, fellow ten-figure mogul Richard Branson had kicked off the billionaire space race. Some people saw innovation and ambition. Others saw ego and hubris. Dell saw … opportunity. “We’re selling to a lot of the emerging space companies,” he says matter-of-factly. “You can’t do all those engineering feats without an incredible amount of computing power, data and artificial intelligence.” Dell has been publicly quiet for most of the past decade, muzzled by fierce takeover negotiations or simply uninterested in the spotlight, or both. His business has done the talking instead. Nine years ago, Silicon Valley and Wall Street alike had written off Dell, the person and the company, both tethered to the then-cratering personal computer market, as en route to the same technological irrelevance as Palm or BlackBerry. Yet even…

THE LAST COMPUTER TYCOON SITTING

Deep WATERS

“Dark denim worn with bold gold jewellery is such a striking statement – and ideal for dressing across the seasons”DONNA WALLACE, FASHION & ACCESSORIES EDITOR“Crisp and clean, Ami’s skirt suit presents a modern rendition of ’90s minimalism”OLIVIA SINGER, FASHION NEWS DIRECTOR Short & SHARP Thanks to chic tailoring, thigh-skimming minis are no longer reserved for after dark Knit ONE When it comes to comfort, there’s nothing better – or cooler – than knitwear “How to wear fulllook knitwear? Proenza Schouler’s crochet halter dress”LAURA INGHAM, FASHION MARKET DIRECTOR“Whether you’re going grunge or elegant, the elongated sleeve adds a modern touch to your look”LAURA INGHAM, FASHION MARKET DIRECTOR All day LONG Take your comfort clothing from the sofa to the streets with the snuggly super-sleeve Fom Acne’s dreamlike duvet dressing to Raf Simons’s grunge-tinted enveloping knits, an array of designers…

Deep WATERS

贏得10倍存活率的癌症真相

病理科醫師、元鼎診所院長曾嶔元,來自一個癌症病史豐富的家族,包括父母在內的多位親人,都因不同癌症過世。儘管他平時已透過飲食控制與規律作息降低罹病風險,卻還是很害怕「家族遺傳」的癌症悄悄找上門,「每個人得的癌症都不一樣,我連特別要擔心什麼癌都不知道。」 為找出自己是否帶有罹癌基因、以便精準防癌,曾嶔元二○一八年自費接受了全基因檢測,報告顯示他身上雖不存在可能導致大腸癌、肺癌等常見癌症的基因缺陷,卻有極少數人才會出現的SDHA基因突變;查詢醫學文獻後,他發現這項突變,「可能」與腦下垂體、腎上腺、腎臟的惡性腫瘤,或是位置不固定的神經內分泌瘤與胃腸基質瘤相關。 「這些癌症和基因突變的案例都非常少,我只要維持健康的生活型態和定期健檢就夠了。」曾嶔元為自己下了診斷。 但一九年例行健檢時,曾嶔元在胰臟附近發現一顆直徑七公分的腫瘤,醫師判讀影像後認為,腫瘤可能是惡性較強的胰臟癌,也可能是神經內分泌瘤,建議他立刻接受手術。做過基因檢測的曾嶔元心情卻很篤定,預期低度惡性的神經內分泌瘤機率較高,先從容地和太太到歐洲玩了一趟,隔了兩個月才住院開刀。…

贏得10倍存活率的癌症真相

StarTracks

GAGA’S AWARDS NIGHT QUICK-CHANGE On March 13 Lady Gaga walked back-to-back red carpets: After channeling Old Hollywood in a custom Ralph Lauren Collection gown at the BAFTA Awards in London, the House of Gucci star attended the London telecast of the Critics Choice Awards in Gucci. DYNAMIC DUO Los Angeles, March 9 Jennifer Garner and Ryan Reynolds answered questions at a screening of their new movie The Adam Project. COSTAR CUDDLE Austin, March 13 Rosario Dawson and Benjamin Bratt hugged it out at the SXSW premiere of their new HBO Max miniseries DMZ. A REAL HEAD-TURNER Austin, March 12 Also at SXSW: Nicolas Cage, who posed with a doll of himself to promote his new action-comedy The Unbearable Weight of Massive Talent. STARS ON-SET STYLE & SUBSTANCE Washington, D.C., March 11 Sylvester Stallone posed with Diane von Furstenberg at the Library of Congress, where…

StarTracks

台灣軟體新創逐鹿元宇宙戰記

元宇宙何時能起飛? 關鍵, 還是『有沒有出現殺手級應用』。」 這是傳出公司將代工蘋果首款VR(虛擬實境)產品的和碩董座童子賢,日前對元宇宙做出的分析,「就像智慧手機發展出Uber Eats,那種改變人類生活習慣的應用。」 元宇宙,這個能夠讓人們以數位分身,在虛擬世界社交、消費、學習、甚至做生意的新經濟,究竟何時會實現?『有沒有出現殺手級應用』。」這是傳出公司將代工蘋果首款VR(虛擬實境)產品的和碩董座童子賢,日前對元宇宙做出的分析,「就像智慧手機發展出Uber Eats,那種改變人類生活習慣的應用。」元宇宙,這個能夠讓人們以數位分身,在虛擬世界社交、消費、學習、甚至做生意的新經濟,究竟何時會實現?抑或是美夢一場?近期不斷引發議論。 目前業界的共識,也與童子賢的說法接近,也就是,即使VR頭盔、AR(擴增實境)眼鏡為代表的硬體,確實是人們通往元宇宙的「橋樑」;但,一個(或多個)能讓足夠多人熱愛到終日沉浸其中的軟體應用,才是這個宇宙能否成形、生養足夠多用戶的「水與氧氣」。 「 元宇宙要落地,…

台灣軟體新創逐鹿元宇宙戰記
SPECIALIZED AETHOS COMP RIVAL ETAP AXS $5,000

SPECIALIZED AETHOS COMP RIVAL ETAP AXS $5,000

WHEN THE SPECIALIZED Aethos Comp Rival launched, I said, “I think we have an early favorite in the race for 2021’s road bike of the year.” In this case, my prediction was accurate. But before I tell you why this bike won, some backstory on the Aethos is necessary. The Aethos made a splash when it launched because it’s a fantastic riding bike, but also because it’s a shocking bike for a company as invested in racing and aerodynamics as Specialized. It’s a bike designed with all the tools and experience they use to make their highly successful race models, but the Aethos was not, specifically, made for racing. Its clean non-aero design, simple graphics, freakishly low frame weight (585 grams, claimed), and common standards—round 27.2mm seatpost! Threaded BB! Standard handlebar…

深入中資竊密案主場景揭穿陸企隱身術

深入中資竊密案主場景揭穿陸企隱身術

三月九日, 新北地檢兵分多路,搜索公司分別登記在板橋與新竹的智鈊、芯道互聯兩家公司,檢方經過三年追查,這兩家公司疑是中國「比特大陸」的孫公司,三年來在台灣至少挖角超過二百位台積電、聯發科的工程師,甚至可能竊取製程技術……。 其中,智鈊負責人顏進忠的臉書履歷上,就大剌剌寫著,「曾在晨星半導體工作」,而芯道互聯負責人黃志輝曾是日月光員工,兩人透過產業人脈,以高薪大肆挖角台灣人才。 當台灣還沉浸在護國神山的光環,對半導體產業的全球競爭力信心滿滿之際,其實,它早就被啃食於不知不覺中。 不只比特大陸,有多少中國IC設計公司早就在台灣埋伏多年? 今年初,中國工信部發布「集成電路標準化技術委員會」籌建通知,同時公布涵蓋九十家機構的籌建委員名單,這則通知被視為中國「發展本土半導體產業」的重要宣示。 但你可能不知道,在這份名單中,如一般民眾或投資者耳熟能詳的騰訊、中芯、紫光,乃至於在不同領域位居中國產業要角的長江存儲、合肥長鑫、兆易創新、智芯微電子等,這些被工信部認證是「中國半導體國家隊」的業者,恐怕都已透過不同形式,「布局」台灣。…

6 Everyday HEROES

1 Stretch the RULES LUXE leggings are this season’s LINCHPIN. Zero lunging required? Sign us UP “Dressed UP OR DOWN, the slip dress is a TIMELESS foundational piece that everyone NEEDS in their wardrobe”ALICE CARY, DIGITAL FASHION WRITER 2 Slip INTO IT Find yourself a chic SILKY dress that has shades of ’90s KATE MOSS about it 3 Denim REDUX Happiness is a pair of LOUCHE, lived-in JEANS. Pockets full of ATTITUDE, essential 4 Show your STRIPES “Accelerate SPRING style with go-faster striped shirting. PRETTY pinks and boardroom blues bring you up to SPEED”LAURA HAWKINS, FASHION FEATURES EDITOR“An INVESTMENT that stands the test of time, the classic trench is a forever STAPLE that’s PERFECT for any occasion”ALEX KESSLER, JUNIOR FASHION EDITOR 5 Trench TWIST The signifier of CLASSIC style gets a modern refresh. It’s time to BELT UP 6 Trail BLAZER SIZE…

6 Everyday HEROES

劉揚偉的電動車大夢

Profile鴻海科技集團 成 立:1974年 董事長:劉揚偉 資本額:1386億元 主要業務:電子製造專業服務 近三年營運表現: 全球EMS(電子專業製造服務)龍頭鴻海,轉進電動車的大艦隊已然成形,從去年底發布電動車開放平台MIH開始,近一個月更是加速催起油門。除了MIH會員突破八百大關,眼看一路往「千」邁進,在合作的車廠方面,更一路拿下拜騰、法拉第未來(Faraday Future)、Fisker等來自美中不同的新創車廠合作,速度之快令外界刮目相看。 在鴻海「三加三」的未來產業中,電動車被看好最有可能第一個營收破兆元,也讓向來被視為過度依賴蘋果的鴻海,在資本市場找到了全新故事。鴻海董事長劉揚偉更在新春團拜加碼預告,即將在今年第四季發表二到三款依照MIH開放平台設計的車款,顯示出鴻海內部確實正緊鑼密鼓加速電動車布局。 內部動起來! 每周密集與供應鏈開會 找「出海口」 為了確保這張支票兌現,劉揚偉一聲令下,鴻海人上緊發條,相關人等的時間配比也跟著這個策略轉向,鴻海與裕隆的合資公司鴻華先進副董事長左自生便曾自爆,「劉揚偉董事長每周一半時間,都在跟我們開電動車會議、怎麼進行全球布局。」…

劉揚偉的電動車大夢

THE SKY’S NO LIMIT

It’s been a year like no other, and we aren’t talking about the pandemic. There were rapid-fire public offerings, surging cryptocurrencies and skyrocketing stock prices. The number of billionaires simply exploded. Forbes found an unprecedented 2,755 around the world—660 more than a year ago. A staggering 86% are richer than they were then. Altogether they’re worth $13.1 trillion, up from $8 trillion in 2020; their average net worth is $4.7 billion, $900 million more than last year. The U.S. still has the most billionaires, with 724, followed by Greater China with 698. We used stock prices and exchange rates from March 5, 2021, to calculate net worths. For the full list of the world’s billionaires and our methodology, please visit forbes.com/billionaires. 1. Jeff Bezos $177 BIL ⬆ • SOURCE: AMAZON AGE: 57 •…

THE SKY’S NO LIMIT
FULL SPEED AHEAD

FULL SPEED AHEAD

ON NORTHERN VIETNAM’S RED RIVER Delta, the world’s most ambitious electric-vehicle (EV) upstart occupies a factory complex fringed with mango trees and palms. Outside VinFast’s plant by the port city of Haiphong, fishermen in conical hats still plumb mudflats for grass carp and tilapia; inside, each car negotiates an overhead ergonomic conveyor assembly line measuring 2.5 miles. A gauntlet of 1,250 robot arms, twirling like pneumatic ballerinas, adds some 3,000 components and welds rivet after rivet in a flurry of sparks. Everything here is top of the line: machinery sourced from Germany, Japan, Sweden. Welding is 98% automated. Capacity is 250,000 cars a year. Impressively, instead of individual assembly lines tailored for each vehicle, the facility can simultaneously assemble multiple models on the same line. Even more impressively, Google Maps shows…

The Food Coach

Maya Feller Registered dietitian, Brooklyn When she was growing up, the world came to Feller’s kitchen. “My mom’s table was always full of women from around the globe having awesome, energetic discussions over a meal,” she recalls. It wasn’t until after college that the Massachusetts native grasped the connection between eating and health. “I was training for the Boston Marathon, and at about mile 12 I would think, Where did breakfast go? I decided to find out.” Feller earned an MA in clinical nutrition at New York University, then worked at community-based nonprofits before starting her own practice in 2013. Rather than shoehorning clients into dietary guidelines, she listens as carefully as she analyzes lab results. “There’s no one-size-fits-all way to eat healthfully, so I ask who they are, how their work-life…

The Food Coach
On with the show

On with the show

TELL IT STRAIGHT Harking back to the 1990s, spring/summer’s most prolific hair trend is poker-straight tresses, parted right down the middle. “It felt very Linda, Naomi and Cindy,” says Damien Boissinot of the glossy looks he styled for Chanel. “It creates a feeling of natural luxury, and shows off hair strength and quality.” Certainly, while rooted in nostalgia, there was a sleekness and precision to the cuts, which made hair feel fresh, clean and modern. “Yes, the hair is reflective of the ’90s,” says Eugene Souleiman, who reimagined the look at Stella McCartney, “but there is one difference: there is zero product used that takes away the severity.” It was the same at Versace and Fendace, where Guido Palau created epically proportioned pin-straight locks with mirror-like shine. In short: glamorous, sexy…

A German Ace’s last ride

A German Ace’s last ride

Many photos exist of the airplanes flown by German ace Erich Hartmann during World War II. However, there are no images of the fighter he piloted during the final days of the war in Europe. The Luftwaffe often assigned the latest equipment to its aces, so it’s probable that Hartmann’s fighter wing, JG 52, received Bf 109K-4s as the war wound down. But did Hartmann fly one? Without photographic proof, I based my paint scheme on standard factory appearances and included the black tulip, double chevrons, and Hartmann’s characteristic red heart emblazoned with Usch, his wife Ursula’s nickname. I also included the yellow identification bands used toward the end of the war and seen on other JG 52 fighters. Final Thoughts I ELIMINATED THE WHEEL COVERS, as was often done with K-4s. A…

I Can Just Be Her MOTHER

I Can Just Be Her MOTHER

FROM THE WASHINGTON POST Two years ago, my daughter, Samantha, graduated from college. She went on to start her first full-time job and go apartment hunting with her best friend. These milestones, bittersweet for most parents, have felt monumental to me. As Sammie steps into her future, our family stands on the precipice of a life we didn’t dare contemplate before now. Because, until recently, I still believed I would outlive her. My daughter was almost two when we learned she had cystic fibrosis (CF), a progressive genetic disease that affects breathing, digestion and other functions while slowly destroying the lungs. She had been dropping weight for months, her once plump arms reduced to sticks, her belly distended. A sweat test detected CF, which a blood test confirmed. “The good news is the…

ESG打假之戰

ESG打假之戰

Profile ESG 又稱責任投資或永續投資,指投資人在選擇投資的企業時,不只關注傳統財務指標,還著重企業在環境保護(E)、社會責任(S)、公司治理(G)三面向的表現,是一種更全面評估企業的投資方式。 「本基金『未』以永續投資為目標,亦『未』以環境或社會特色為訴求……。」 二月初,在台灣核備發行的某境外基金系列全面修改公開說明書,其中有多檔基金,就在說明書加入了上面那一段話。在「ESG」、「永續投資」成為金融市場最夯關鍵字的當下,這句表明自家基金並未鎖定永續、環境、社會議題的標註,簡直是百分百的「政治不正確」。 不只一家,三月以來,國內各投信、投顧業者也都忙著擬妥信函寄給投資人,告知他們,公司所代理的部分境外基金即將修改公開說明書內容;很快的,這些基金也得毫無模糊空間地對外交代,自己究竟是不是「以永續投資為目標」。…

A Taste of Spring

When I started the vegetable garden in Westport, Connecticut, at Turkey Hill, the first things I planted were berries, rhubarb, and asparagus. Each of these perennial garden favorites takes two to three years to mature and produce, so it was imperative to plant them right away. Produce they did, and I was convinced that every garden, large or small, should make room for these wonderful plants. Today, my asparagus garden in Bedford is quite large and very productive. Four long rows start sprouting green and purple stalks in April, and continue through most of May. Steamed, boiled, grilled, roasted—asparagus can be used in so many ways. Sometimes I just eat a giant mound of the fat green spears with Hollandaise for dinner. If I forget to pick them for a few days…

A Taste of Spring

Tax Cuts: Rx for Prosperity

While the White House and congressional Democrats are feverishly trying to enact massive, economy-killing tax increases, numerous states are going in the opposite direction by cutting them. These local officials recognize that reducing the tax burden on their citizens will give them more prosperity and the higher revenues that come with better times. Arizona, Ohio, Wisconsin, Oklahoma, Nebraska, Iowa, Montana, Louisiana, Idaho and New Hampshire have all passed reductions in state income taxes. Ohio has engineered the biggest tax reduction in the Buckeye State’s history, eliminating its two tax brackets over 4%. The first $25,000 of an individual’s income is now tax-exempt. Compare that with California, where one hits the 4% bracket at that income level. Ohio’s law also ensures that people who work from home don’t have to pay taxes…

Tax Cuts: Rx for Prosperity

Bursts of Sun

Grilled Chicken-and-Eggplant “Caprese” 1¼ pounds boneless, skinless chicken-breast halves (4 small)Kosher salt and freshly ground pepper½ cup extra-virgin olive oil, plus more for drizzling2 medium eggplants (1½ pounds total), sliced ½ inch thick½ cup pitted Kalamata olives, coarsely chopped¼ cup chopped fresh herbs, such as parsley and mint, plus more for serving2 teaspoons white-wine vinegar1 pound mixed tomatoes, such as cherry and heirloom, sliced1 ball (8 ounces) fresh mozzarella, slicedGrilled rustic bread, for serving 1. Heat grill to high. Pound chicken with a mallet or small pan to an even ½ inch thick. Season with salt and pepper; drizzle with 1 tablespoon oil. Toss eggplants with 3 tablespoons oil, season, and grill, flipping once, until charred in places and tender, about 4 minutes a side. Transfer to a bowl, cover, and let…

Bursts of Sun
NO PLACE LIKE HOME

NO PLACE LIKE HOME

Julia Sarr-Jamois is wrestling with a rack of puffer jackets. “The puffer situation is a bit out of control,” she admits, counting out the multicoloured array squished into the custom-made pippy-oak cupboards that line the hallway of her south London apartment. “That’s Balenciaga, that’s Moschino & Palace, Alaïa, Yeezy & Gap… I’ve got at least 17 here. That’s crazy!” She giggles. “Wanna see the bags?” The 34-year-old fashion director of British Vogue doesn’t have a style signature. “I like to mix it up, because I really love fashion,” she says. “Sometimes I want to be all pared-back and chic in black, then the next day I’ll wear camo with a fluorescent jumper and a puffer jacket.” Her skill is in combining unexpected elements – a utilitarian jumpsuit with a powder-pink blazer…

Hanging By A Thread

Seven people had just plunged to their deaths and 13 others huddled fearfully in crippled cable-cars suspended high above Singapore’s harbour. Any moment they could be torn loose from their frail hold on survival. As the afternoon drew towards a close on the resort island of Sentosa, hundreds of visitors began making their way to the cable-car station for the 1.75-kilometre trip back to Singapore. It was Saturday, January 29, 1983, and grey clouds were rolling in. Everyone hoped to beat the rain. At 5.50pm, seven members of a family from India boarded a brightred gondola and were lifted up over the South China Sea. From 54 metres above the jade-coloured waters of Singapore harbour, the view from the bubble-shaped car was breathtaking. Inside, Manmohan Kaur, 25, her mother-in-law, Pritam Kaur, 60, a…

Hanging By A Thread

BEAUTY ICONS

SKIN-CARE STAPLES Pond’s Cold Cream (6; $4.99) removes makeup while imparting softness. SK-II Facial Treatment Essence (7; $99) is the first step in any skin-care routine; the watery serum is packed with more than 50 vitamins, minerals, and amino acids. Biologique Recherche Lotion P50 1970 (8; starting at $68) is a liquid exfoliant that leads to a major glow. Alcohol-free Thayers Witch Hazel Facial Toner (2; $10.95) refreshes without drying. La Mer Crème de la Mer (3; $350) leaves skin feeling pampered, supple—in short, expensive. Nivea Creme (4; $7.49) offers a similar vibe for a fraction of the price. Olay Regenerist Micro-Sculpting Cream (5; $28.99) plumps for a lifted look. Elizabeth Arden Eight Hour Cream Skin Protectant (1; $24) gives a dewy finish. THE COVER-UP YSL Beauty Touche Éclat All-Over Brightening…

BEAUTY ICONS
退休理財換腦袋

退休理財換腦袋

在退休金理財的規畫中,ESG(環境、社會及公司治理)應被視為一項重要影響因素。」 「在退休金理財的規畫中,必須納入氣候變遷對投資環境影響的考量。」 「在退休金理財的規畫中,必須將減少碳排等相關法規納入重要風險考量。」 這三句話,是白紙黑字的法規條文,法規的名稱,是《雇員退休收入保障法》(ERISA),主管機關,是美國勞工部。 這套法規所管理的對象,是美國民間機構退休金,以美國401K退休儲蓄計畫為大宗。顧名思義,立法的目的,是為了確保每一位退休金管理者,都能用正確合理的投資邏輯,讓民眾的退休理財穩健增值。 上述新規,在今年十月十四日被「加入」了這套法規之中。換句話說,美國勞工部所規範的「正確合理」退休金投資邏輯,自此,納入了「ESG永續投資」;新規並且強調,ESG,可以成為「預設」的投資策略。 「美國一般民眾沒在理財,退休規畫的資金,多半都是交給401K計畫經理人。」美國退休協會(ARA)執行長格拉夫(Brian…

Berkeley Audio Design Alpha DAC Series 3 Digital-to-Analog Converter

Berkeley Audio Design Alpha DAC Series 3 Digital-to-Analog Converter

Founded by Pacific Microsonics alumni Michael Ritter and Michael “Pflash” Pflaumer, Berkeley Audio Design entered the market in 2008 with the excellent $4995 Alpha DAC—a component that I used and enjoyed for many years at the front of some very high-end electronics and loudspeakers. Although I had much more expensive DACs available to me, the original Alpha DAC had a certain sound quality that I didn’t want to give up. Later, Berkeley Audio launched the significantly more ambitious Reference DAC. The Reference delivered performance far above that of the Alpha, establishing a benchmark against which all other DACs could be compared, regardless of price. That’s not hyperbole: The Reference DAC (now $25,000 in Series 3 configuration) remained undefeated for many years despite facing a veritable parade of expensive competition. It…

iPAD PRO 2021: SUPERCHARGED WITH XDR DISPLAY, M1 CHIP, & THUNDERBOLT

iPAD PRO 2021: SUPERCHARGED WITH XDR DISPLAY, M1 CHIP, & THUNDERBOLT

The iPad Pro has become something of a workhorse in recent years, offering professionals an alternative to a laptop with cutting-edge capabilities and software. At this year’s Spring Loaded event, Apple supercharged its flagship tablet with the M1 chip and Thunderbolt support, unlocking even greater opportunities for creatives in need of an all-in-one machine. BRINGING THE POWER OF THE MAC TO iPAD Though this year’s iPad Pro refresh didn’t quite get the same level of attention as the all-new iMac, which received its biggest design overhaul since its inception 22 years ago, it’s an impressive upgrade all the same. Following on from the success of the MacBook Air, MacBook Pro, and Mac mini, which were supercharged with an M1 chip last year , Apple has decided to bring the power of its…

最神祕航海王

最神祕航海王

海運價格持續飛漲,全球貨櫃業進入國力競賽的關鍵時刻,台灣航運三雄的真正實力,在股票市場過度炒作的投機風下,卻被模糊了焦點。 長榮海運由張國華家族主導,睥睨台灣航空、海運界多年;陽明海運則有最大股東官股護體,唯有近洋海運龍頭萬海航運,資歷最久,外界最為陌生。 今年五十五歲的陳柏廷,超過一半人生都投入海運,面對航運業大爆發,這位低調神祕的海王子首度發出感言,砥礪員工,更在這波航運業史上最瘋狂的景氣中,安不忘危地擘畫萬海轉骨變身的下一步。 萬海航運去年整年賺了一一三億元,是前年的三倍多,是大前年的整整十倍。今年光是第一季就大賺了一四六億元,剛剛好等於過去二年的獲利加總。今年,法人預估一口氣要賺超過過去十年的獲利加總。 面對這突如其來的獲利大爆發,讓航運股一躍成為今年上半年台股最吸睛的男主角,外界當然更好奇,身處旋風核心的航運業老闆,是不是更喜不自勝、甚至得意忘形?…

別人不敢我敢

別人不敢我敢

Profile 莊榮德 出生:1946年 現職:海霸王集團總裁 經歷:海霸王證券董事長、熱炒攤老闆、肉雞批發商 學歷: 美國加州大學榮譽博士、初中畢業 家庭:已婚,育3子1女 午後一陣大雨刷洗過後,還是掩不住空氣裡的溼熱,高雄前鎮漁港旁的工人,一輛輛工程車進出沒有停過,忙碌地進行工程。 「這裡好久沒有這麼熱鬧了!」路旁的臨時檳榔攤小姐說;前鎮漁港位在高雄港的港區內,每天靠港的漁船在這裡下貨,隨著季節有不同的海產魚貨,高雄港是全台灣漁獲量最多、也是船舶噸位最大的漁港。 正在港區內加緊趕工的,是海霸王投資、未來將是全台最大的「複合型冷凍物流園區」,整個園區占地二千七百多坪,目前正在興建一棟十層樓高的大樓,工程進度已經躍上地面四層樓,預計二○二三年就要完工正式營運。 海霸王不只要在這裡開海產餐廳、成立冷凍食品加工廠、冷鏈倉儲,還會有許多共享、新創辦公室的空間,提供給對拍賣魚貨有興趣的年輕人。未來海霸王希望創造最新魚貨拍賣方式,每天漁港的漁船靠港卸貨,樓上新創公司就可以直接在樓下進貨,然後透過在樓上直播、直接銷售。 回台投資 高雄打造全新冷凍物流園區…

入群CPTPP的試煉

入群CPTPP的試煉

Profile CPTPP 正式名稱: 跨太平洋夥伴全面進步協定(Comprehensive and Progressive Agreement for Trans-Pacific Partnership) 生效時間:2018年12月30日 會員國: 紐西蘭、新加坡、澳洲、越南、加拿大、墨西哥、日本、祕魯、馬來西亞、智利、汶萊11國完成簽署協定。前8國已完成國內批准程序,協議生效。 申請中:英國、中國、台灣 規模: 人口5.02億,占全球7%;總GDP為10.8兆美元,占全球13.1%,是亞太區僅次於中國主導RCEP的第二大區域經濟組織。 經過10年耐心等待,台灣政府終於正式遞件,申請加入《跨太平洋夥伴全面進步協定》(CPTPP)。 這是台灣拒絕在區域經貿整合浪潮中遭邊緣化的關鍵一搏,也是讓經濟動能不再過度依賴電子資通訊產品的絕佳契機。 但貿易談判從來不是容易的任務,中國搶先一步申請加入,又讓情勢更為錯綜複雜。 加入CPTPP的種種考驗,也是台灣再一次啟動經濟轉型的試煉。 「十年磨一劍」,是最能精準詮釋台灣與《跨太平洋夥伴全面進步協定》(CPTPP)之間關係的一句話…

REENGINEERING THE RECRUITMENT PROCESS

THE COVID-19 PANDEMIC has upended many traditional business practices. When it comes to recruiting, the crisis has not so much disrupted as accelerated shifts in the talent landscape that were already under way, leaving many companies poorly served by their current hiring practices. In a period of steep unemployment, it might seem that companies looking to add workers would be in the driver’s seat. But job openings have also been rising in recent months, meaning that competition for top talent remains keen—and in uncertain times, bringing on the right people is more important than ever. A recent study from research and advisory firm Gartner examines those shifts in the workforce landscape and lays out a road map for navigating the new one. The researchers identified three trends that are rendering traditional…

REENGINEERING THE RECRUITMENT PROCESS
WHEN SHAME GOES VIRAL

WHEN SHAME GOES VIRAL

WHEN MONICA LEWINSKY EMERGED IN 2014 AFTER A DECADE OF QUIET EXISTENCE, SHE HAD A MESSAGE TO SHARE. SHE ALSO HAD A MASTER’S DEGREE IN SOCIAL PSYCHOLOGY, EARNED IN LONDON WHERE SHE HUNKERED DOWN FOR GRAD SCHOOL. VANITY FAIR PRINTED HER EXCLUSIVE FIRST-PERSON COMEBACK STORY IN 2014. THEN SHE TOOK the stage to tell of life after becoming “that woman” in one of history’s most widely broadcast sex scandals: “I went from being a completely private figure to a publicly humiliated one, worldwide,” Lewinsky says in her 2015 TED Talk, which now has more than 18 million views. “I was patient zero of losing a personal reputation on the global scale, almost instantaneously.” The infamous 1998 incident with President Bill Clinton occurred at the dawn of the internet age — a…

全聯林敏雄-零售登頂之戰

全聯林敏雄-零售登頂之戰

Profile 全聯 成 立:1998年 董事長:林敏雄 資本額:30億元 營 收:2020年1450億元 主要業務:超市、量販、零售 Profile 林敏雄 出生:1950年 主要事業: 元利建設(董事長)、全聯實業(董事長)、華泰商銀(常務董事) 經歷:台北企銀辦事員 學歷: 台北商專(現為台北商業大學)夜間部 十月二十二日晚上八點多,超市之王全聯宣布收購法國歐尚集團(Auchan)及潤泰集團所持有的大潤發股權;簡單一紙新聞稿,竟牽動台灣零售市場四兆元產值的霸主爭奪戰。 超市之王把量販二哥納入麾下後,未來,全聯加總大潤發的年營收,有望突破一七○○億元,比超商霸主統一超的一六八一億元還要高。 這樁併購案,是全聯董事長林敏雄在台灣零售業的登頂之戰! 「全聯與大潤發,將成為台灣零售業的全通路無敵玩家(unbeatable omnichannel player)!」大潤發賣家歐尚集團董事長Edgard Bonte這樣說。…

Why Is Everyone So Starstruck by Starlink?

Starlink is catnip for PCMag readers. Just say the word, and they come a’clicking in the tens of thousands. The satellite ISP’s mystique is a combination of Elon Musk (an unappealingly named men’s cologne) and Americans’ hopeless desperation for better home internet choices. And at this point, it’s getting way out of hand. “SpaceX is aiming to one day deliver 10Gbps internet speeds over its satellite internet system,” our story reads, couching SpaceX’s ambitions in similar terms to my ambition to have ripped abs. Americans are desperate for better connectivity. They’ve given up on regulators, incumbent ISPs, and their own communities to provide them. They’re holding out for a hero (‘til the end of the night). They want Musk to be their streetwise Hercules, but he’s Loki. But not hot. Kind of…

Why Is Everyone So Starstruck by Starlink?
What the West Gets Wrong About China

What the West Gets Wrong About China

AUTHORS WHEN WE FIRST traveled to China, in the early 1990s, it was very different from what we see today. Even in Beijing many people wore Mao suits and cycled everywhere; only senior Chinese Communist Party (CCP) officials used cars. In the countryside life retained many of its traditional elements. But over the next 30 years, thanks to policies aimed at developing the economy and increasing capital investment, China emerged as a global power, with the second-largest economy in the world and a burgeoning middle class eager to spend. One thing hasn’t changed, though: Many Western politicians and business executives still don’t get China. Believing, for example, that political freedom would follow the new economic freedoms, they wrongly assumed that China’s internet would be similar to the freewheeling and often politically disruptive…

拜登規則

拜登規則

我們是美國,沒有什麼事情是我們無法一起做到的!」美國時間七月四日晚間,美國總統拜登在白宮南草坪舉辦的國慶日園遊會上,用這段話,為將近十五分鐘的致詞作結。 這場約千人出席的「派對」,相較於七月一日在北京天安門廣場舉行的中共建黨百年慶祝大典,規格顯得迷你;拜登著重美國如何逐漸擺脫疫情陰霾的談話,也明顯少了中共總書記習近平一番警告外來勢力恐將「頭破血流」的霸氣。 兩大強權,一周內的兩場慶典,東方巨龍的聲勢更為浩大,但華裔美籍的中國研究專家裴敏欣在中共建黨百年大典隔天撰文評論,對中國而言,「拜登,可能是更可怕的敵人。」理由是:「不同於川普以侮辱、威脅和關稅疏遠盟友,拜登修復了美國的聯盟,成功形塑一條相對團結的抗中戰線。」 六月,當台灣社會聚焦於新冠疫情,太平洋另一端的拜登政府則是連續出手,從最外顯的地緣政治,到5G戰、科技戰、金融戰,都像是在這一個月內完成了關鍵布陣,上任至今許多曖昧或決斷的背後意義,也似乎在此一個月間豁然開朗,攸關全球政經格局的「拜登規則」瞬間清晰──如同裴敏欣的解讀,這是一套「比川普更兇狠」的對中戰略。…

NEW MARKET

THE MARKET CARES LESS ABOUT COVID-19 than you think. Recent volatility in global financial markets may seem like the latest pandemic-induced shocks, but there are signs that investors are growing accustomed to the idea that some form of the virus is part of our new normal. At the beginning of the pandemic, investors fixated on the virus’s every move. They pored over data on company lockdowns and vaccine advancements to assess how well individual companies were positioned to profit. The resulting calculations sorted the business world into neat categories of winners, like Peloton, and losers, like cruise-ship operators. But over the past 22 months, the market’s herd mentality has evolved into a herd immunity of sorts. As a result, Wall Street’s worldview is now what finance strategists call an “endemic,” rather…

NEW MARKET

Beware a Culture of Busyness

ABOUT THE ART The photographer Pelle Cass uses hundreds of photographs to create playful composite images. In MY 2019 BOOK, The Power of Human, I recount an anecdote about a man who immigrated to the United States and soon came to believe that the word “busy” meant “good” because when he asked people, “How are you doing?” they often responded, “Busy.” Nora Rosendahl, the chief operating officer of the performance coaching firm Hintsa, discovered the same thing when she conducted a small social experiment by documenting answers to the question “How are you?” over the course of a week. By her count, nearly eight out of 10 people said, “Busy.” Academic research suggests that our days are becoming increasingly jam-packed. One analysis of holiday letters indicates that references to “crazy schedules” have risen…

Beware a Culture of Busyness
直擊〉中國冷復甦

直擊〉中國冷復甦

落地窗內,多位身著綠色制服的華為門市人員,正忙著回應顧客對購置手機的需求;落地窗外,餐廳與手搖飲料店滿溢著排隊的人流。離開落地窗,沿著這條中國知名的步行街往東走,一路上,熙來攘往的當地行人與觀光客摩肩接踵,搭配歡鬧喧譁的交談聲,一切乍看明朗而美好……。過去三年,因為疫情導致的經濟陰影似乎已快速淡去,眼前,是一片欣欣向榮的消費復甦景象。 時間,四月中,地點,是上海的指標商圈南京路。 據上海復旦大學消費市場大數據實驗室統計顯示,今年二月,上海全市線下消費總額年增率○.八%,全市餐飲業和住宿業消費達到二○一九年一月統計以來的最高水準。 另一方面,衡量服務業表現的中國非製造業採購經理人指數(PMI),在三月分來到五十八.二,創下一一年五月以來新高;至於服務業PMI分項指標,則達到五十六.九,亦寫下一二年三月以來紀錄。 「大家,都被關太久了。」談及這股由「報復性消費」帶起的中國復甦動能,在上海擔任汽車業務銷售的雲芳(化名)向《今周刊》表示。…

NOVEL APPROACH

Great works of fiction—l ike wel l-appointed homes—tend to have an exciting twist or two, with characters and subplots to shock and awe. Designers Miles Redd and David Kaihoi of Redd Kaihoi know how to spin a good yarn. In a Shingle Style “cottage” north of New York City that they recently completed, the pair imagined an interior story that’s a must-read. There are glamorous, double-height rooms fit for Jay Gatsby, tucked-away corners perfectly suited for a midnight tryst, and regal bedrooms that pull you right back into the ancien régime. “The feeling of the house is dreamy and rambling,” Redd says. “There are grand rooms, but also all of these nooks and crannies, turrets, and moments.” When the duo started work on the project in 2019, they received little in…

NOVEL APPROACH

All Good Things

1 Elevate an Entryway To improve your foyer’s form and function, give it some eye-catching organization. Simply paint these oversize wooden hooks to play up the space’s colors, then mount them at a variety of heights, so everyone in the family can reach. 2 Rock Out in Your Mudroom Putting a boot tray by the door is one way to enforce your “no shoes in the house” policy. But to kick it up a style notch, fill it with pretty yet practical pebbles or stones from a garden center. They’ll act as a drain, allowing rain, sleet, or snow to seep to the bottom while boots and other footwear dry on top. Most of the moisture will evaporate, but to keep it clean and mildew-free, dump out the rocks and rinse everything as…

All Good Things
台塑的大麻煩

台塑的大麻煩

Profile 台塑集團 成 立:1954年 總 裁:王文淵 員工數:近12萬人 事業版圖: 包含「台塑四寶」台塑、南亞、台化、台塑化,以及南亞科、南電、福懋、福懋科、台勝科,共9家 廠區位置:台灣、中國、美國、越南、菲律賓、印尼2020年業績:總營收1.7兆元、年減17.9%總稅前利益1314億元、年減36.2%產業地位:全球第6大化工集團 2019年碳排量(國內企業排名): 台塑化:2752萬噸(1) 台化:833萬噸(4) 台塑:792萬噸(5) 南亞:555萬噸(8) 四寶合計約4932萬噸 資料來源:台塑集團官網、C&EN、環保署溫室氣體登錄平台2021年5月公布之「2019盤查登錄現況分析」 七月,日正當中,嘉義東石漁港進入鮮蚵採收季。海堤外,漁船載著一簍簍的魚貨返港,海堤內,卸下蚵殼的尼龍繩,與使用同樣材質的漁網,一綑捆成堆擺放,這些廢棄物即將被送往的,不是垃圾場,而是二十五公里外、去年啟用的台化新港耐隆回收廠。 這些進廠後的舊網具,將搖身一變成為美國戶外品牌Patagonia的衣帽,這門「漁網變衣飾」業務,是台塑四寶當中的台化,近三年布局的小生意之一。…

Timothée Chalamet

Timothée Chalamet

TRENDSETTERS and TRAILBLAZERS who are guiding the way to a BRIGHTER future TIMOTHÉE CHALAMET AND I ARE ON the run, chasing down Sixth Avenue on a bright September day in search of a place to talk. The restaurant in Greenwich Village where we had planned to meet ended up getting swarmed by NYU students while I was waiting for him, chattering excitedly to one another—“Timothée Chalamet is here!” “Shut up!” “Yeah, he’s right outside!”—so, trying to avoid a deluge of selfie seekers, I bolt from the table, tapping Chalamet on the shoulder where he stands under the awning, on the phone, and we make our escape. Face covered with a mask and hoodie pulled up over his curly hair, he’s mostly incognito but still cuts a distinct enough figure that we’d…

THE BIG PICTURE

BANK OF AMERICA. BEYONC. BUBBLE TEA. SOME THINGS really are too big to fail. But bringing a 33,000-square-foot house to boisterous, unfussy life is no sure thing. Add to the mix a museum-quality art collection, 24-foot-high ceilings, and a private hockey arena, and you’re one misstep away from a residence that feels larger than livable, too imposing to greet visitors with a sweet embrace. “The idea, selfishly, was that I want everyone right here,” says the homeowner, an inveterate entertainer who (pre-pandemic) had dreams of dinners with guests in the three digits and child birthday sleepovers in a dedicated slumber party room. Her new home in leafy Scarsdale, just north of New York City, had to operate on multiple levels. It needed to accommodate stampedes of visitors and yet, in a…

THE BIG PICTURE

Model Citizen

Liya Kebede Founder and creative director of Lemlem, model, and actress New York City and Paris In a Lemlem dress, you can’t help but float through summer. Whisper-light and awash in happy, sun-drenched colors, each one is hand-woven on wooden looms by African artisans, following centuries-old traditions. The brand’s founder is Ethiopian model and maternal-health advocate Liya Kebede, who rose to fame in the early aughts as the face of Tom Ford’s Gucci and the first Black spokesmodel for Estée Lauder. On a trip to her hometown of Addis Ababa around that time, she noticed a distressing drop in the demand for traditional garments, and got busy. “Weaving is a craft that has been passed through generations and holds deep cultural significance,” says Kebede, who set her mind to preserving the art,…

Model Citizen

What We’re Testing in Our Labs …

WiFi Routers WE TESTED: 56 models WE TEST FOR: Speed, or “throughput,” from 8 to 55 feet away; how well the router protects your privacy; and more. ABOUT THE SCORES: INDIVIDUAL Median: 65, Range: 32-90 MESH Median: 69, Range: 56-85 BEST INDIVIDUAL ROUTER Synology RT2600ac $200 90 OVERALL SCORE EXCELLENT MESH ROUTER SET Netgear Nighthawk AX1800 (3-Pack) $210 82 OVERALL SCORE BARGAIN BUY (INDIVIDUAL) Linksys Max-Stream AC1750 $90 77 OVERALL SCORE Cordless Drills WE TESTED: 47 models WE TEST FOR: How powerful the drill is and how quickly it can drive in screws and drill holes, how long it will run on a single charge, how noisy it is, and more. ABOUT THE SCORES: Median: 62 Range: 33-86 HEAVY-DUTY HERO Milwaukee 2805-22 (18 volts, brushless motor) $330 86 OVERALL SCORE GOOD VALUE FOR GENERAL USE DeWalt DCD701F2 (12 volts, brushless motor) $150 74 OVERALL SCORE EASY DIY PICK Worx WX176L (20 volts, ¼-inch fixed-hex chuck, brushed motor) $80 62 OVERALL SCORE Winter/Snow Tires WE TESTED: 32 models WE TEST FOR: Braking performance on dry, wet, and icy roads; traction in…

What We’re Testing in Our Labs …

The Choice

The differences begin to fade a bit as one drives down Texas Highway 4, between the Gulf of Mexico and the Rio Grande, toward one of the southernmost points in the U.S., where Musk is preparing to launch the world’s largest rocket. Gleaming spacecraft—some retired from duty, others still in production—rise stories above the sparse terrain. His company is gobbling up local housing and encouraging employees to move there. “Creating the city of Starbase, Texas,” Musk announced on Twitter earlier this year, to the evident surprise of the residents of Boca Chica, where his facility is located. (A county official noted that “Sending a tweet does not make it so,” and that a petition must first be filed.) For nearly a century, TIME has named a Person of the Year—the individual…

Curious About Starlink’s ‘Best Effort’ Tier? Early Users Give Rave Reviews

Curious About Starlink’s ‘Best Effort’ Tier? Early Users Give Rave Reviews

Darren Clark lives in Michigan, where he used to receive dismal internet speeds ranging from 2.5Mbps to 3.5Mbps. The DSL internet was so bad that he’d have to drive his family elsewhere to find faster broadband and finish software and game downloads. “Many times, we ended up going to McDonald’s or out to the local Meijer grocery store for internet access,” he told PCMag. But in recent days, Clark’s home internet is getting speeds between 10Mbps and 100Mbps. The reason? He’s among the first people to try out Starlink’s Best Effort tier, the latest offering from SpaceX’s satellite internet service. “I have to say, Starlink Best Effort is a lifesaver for me and my family,” he said. “My kids are amazed that a 1GB download can finish in a couple of minutes instead…

How Financial Accounting Screws Up HR It distorts hiring, training, and benefits practices.

MANY COMMON PRACTICES for managing employees are hard to explain. Why do companies obsess over cost per hire but spend so little time trying to see if they make good hires? Why do they provide so little training when we know it improves performance and many candidates say they’d take a pay cut to get it? Why do firms delay filling vacancies and let work go undone? Why do they spend so much money leasing personnel from vendors rather than hiring their own? One answer to those questions is the peculiar way that financial accounting in the United States treats employment costs (which differs from the way that international standards treat them). Despite all the rhetoric about “investing in our people,” training and development aren’t considered investments; they’re categorized as a…

How Financial Accounting Screws Up HR It distorts hiring, training, and benefits practices.
READING THE CLASSICS

READING THE CLASSICS

SEAGULLS, SHIPS, AND CRASHING WAVES SING to the residents of Mahón, a storied town on the Spanish island of Menorca. In an 18th-century villa on one of the oldest streets in town, this seaside symphony weaves seamlessly through layers of history. The house was most recently rehabilitated by the Madrid-based designer Lorenzo Castillo for one of his longtime clients. “Above everything, Lorenzo is an antiques dealer,” says the man, who has commissioned 10 projects from Castillo over the last two decades. “Because of this, he is very coherent in how he blends fabrics and furniture. The house in Menorca is a mishmash of things, but there is a connecting thread.” In this instance, the client, a father of four who lives in London and Madrid, proved a congenial copycat; he asked…

WINONA RYDER Is Still PROCESSING

When Winona Ryder was a kid, she daydreamed about movies—not starring in them, but watching and filming them. Her parents, who are both writers and editors, moved to a commune on the Northern California coast when she was seven, and though there were no TVs, her mother would put up a sheet on the side of a barn to show old movies. “I was in heaven,” Ryder says. After her family moved a few years later to Petaluma, a city in the San Francisco Bay Area, she would try to view the world through the camera’s lens. “There’s this bridge there. It looks so small now,” Ryder says. “But I used to put the strap of my book bag across my forehead. I’d sort of walk and force myself to…

WINONA RYDER Is Still PROCESSING

iPhone 13 Breakthrough camera innovations & bigger battery

This year’s iPhone upgrades were never going to be as dramatic as last year’s when Apple overhauled the smartphone and introduced 5G connectivity for the first time, but that’s not to say the iPhone 13 series doesn’t pack its punch. With improved cameras, more storage, and a bunch of under-the-hood features, the world’s greatest smartphone just got even better. INTRODUCING THE iPHONE 13 FAMILY At a virtual event titled California Streaming, Tim Cook and Co took to the stage to show off what they had been working on over the past year. True to form, this year’s iPhone upgrades aren’t quite as dramatic as the year prior - in fact, this year’s iPhone could very much be sold under an iPhone 12S moniker - but they’re still worthy additions. Apple has tweaked…

iPhone 13 Breakthrough camera innovations & bigger battery
NordVPN: Top-Notch Protection

NordVPN: Top-Notch Protection

A VPN can protect your web traffic from being snooped on by your ISP while also making it much harder for spies and advertisers to track you online. Unlike most VPN services, NordVPN offers a bit of everything on top of that basic protection. It has a large and diverse collection of servers, an impressive arsenal of rarely seen tools, and strong privacy and security practices. It also uses the latest WireGuard technology. Despite its high cost, it still impresses, and it earns our Editors’ Choice award. PROS: Uses WireGuard VPN technology. Multihop, split-tunneling, and Tor connections. Numerous server locations. Strong customer privacy stance. Easy to use. CONS: Expensive. Occasionally cramped interface. BOTTOM LINE: NordVPN packs topnotch protection and other privacy features into a slick client, powered by the latest VPN technology. It’s…

Surfer Chic

Surfer Chic

If there’s anyone who embodies the SoCal spirit, it’s Paige Mycoskie. Blue-eyed and sun-kissed with a mess of wavy blonde hair, the Aviator Nation founder looks like she just stepped off a surfboard. “Being in the water is huge for me—I’m a Pisces,” says Mycoskie, arriving at an Aviator Nation outpost in Austin, Texas, where she also has a home. She might be more than 1,000 miles from the Pacific, but she’s in a half-buttoned Hawaiian shirt, ripped jeans and a pair of dark-tinted Aviator (natch) sunglasses. Nailed to the walls around her are surfboards, waterskis and Jimi Hendrix posters, all things she collects. But don’t let her laid-back look and breezy talk fool you. The 42-year-old has worked her way from stitching together T-shirts on her Venice Beach kitchen table 16…

The ones we leave behind

The ones we leave behind

An Afghan man I’ll call “Mohammed” saved my life. It was 2001, just over two months since the Sept. 11 attacks, when Mohammed drove me into Afghanistan as Kabul was falling. He spirited me through a Taliban checkpoint between Jalalabad and the capital, where, an hour or so later, a car full of journalists were brutally killed. Mohammed found me, then a CBS News reporter, a safe place to stay in chaotic post-Taliban Kabul. That’s what a “fixer” is for a foreign correspondent: part translator, part driver, part MacGyver. Every time I returned to the country, I would check on him and his family. And if I asked, he would drive me to hell, and back. In 2015, three men beat and stabbed Mohammed’s 18-year-old son, saying he was being punished because…

Don’t Let Cynicism Undermine Your Workplace

Associate professor, Stanford University An open CEO role at Microsoft should be the holy grail for executives in the tech industry, but that wasn’t the case in 2014. The company’s growth had stagnated. By botching early leads on smartphones and other new technologies, Microsoft had lost market share to Apple, Google, and Amazon and had gained a reputation as creaky and out of touch—a giant ship lurching in the wrong direction. The Bloomberg journalist Dina Bass listed those downsides in an article bluntly titled “Why You Don’t Want to Be Microsoft CEO.” Five days later Satya Nadella took the helm. Microsoft’s failures stemmed from a deeper problem: a culture mired in mistrust, competition, and tribalism, which killed morale and stifled innovation. In his 2017 book, Hit Refresh, Nadella described an illustration of…

Don’t Let Cynicism Undermine Your Workplace
At The Museum Of Memories

At The Museum Of Memories

In 2019, just before the pandemic broke out and all international travel came to a halt, my Singapore-based younger sister insisted my mother and I join her for the Christmas holidays. My mum, who I’ve always perceived as a fearless woman, would get strangely nervous on flights, overwhelmed by the long-winded onboarding procedures and endless travelling hours. Perhaps the only thing that convinced her to overcome her fears was the fact that it would give us a much-needed chance to piece together our flailing bond, fraught by a galaxy of differences. There was another highlight to the trip for my mother – a return to the place where she spent her honeymoon in 1989. Fast-forward 30 years, she would be walking down nostalgia lane with her now grown-up child. “I never…

Year of the 3-pointed star

Year of the 3-pointed star

An AMG super saloon without a V8? Unthinkable to some. But soon a reality. A new Mercedes C-Class arrives in 2021, and its AMG C63 crowning glory is set to be revealed before the year’s out, packing not eight but four cylinders under its muscular bonnet – plus a lot of electronics. Mercedes pulled the plug early on the outgoing V8-powered C63 because of the pending CO2-related penalties on each vehicle sold. So 2021’s C63 AMG 4-Matic+ EQ Power Sport will be dramatically more efficient, while beating the current V8 C63 on power, torque and performance. This is by far the most complex C-Class ever, combining combustion power with three electric support acts. AMG’s M139 turbo engine (as seen in the A45 S hyper hatch) is aided by an electric rear-wheel-drive unit…

30歲小子憑什麼闖出寵物食品微型王國

30歲小子憑什麼闖出寵物食品微型王國

晚上十點,城市早已入睡,「太陽」卻仍高照。手機螢幕上跳出「Sun」的來電,Sun是「自力耕生」創辦人孫宗德的英文名字,人如其名,電話那頭聲音裡依然充滿活力,「不好意思啦!這麼晚打來,想跟妳討論一下明天訪問的題目。」他逐一念出問題,模擬回答之餘還不時問:「妳聽聽看,這樣講怎麼樣?不行的話,我再想想怎麼說更好。」電話那頭傳來翻動紙張的聲音,像是審慎準備了十幾頁筆記。 乍聽之下,還以為是半夜苦讀的研究生,但他的真實身分是台灣在地寵物溼食最大品牌「汪喵星球」創辦人,創業短短八年,就成為台灣寵物食品溼食龍頭。估算台灣每五位寵物飼主,就有一人是汪喵星球的客戶,扣除前兩年摸索期,汪喵星球僅花六年就達到二○%的滲透率,而且去年已經拿下台灣寵物溼食市場的一成市占率。放眼台灣林林總總數十個本土寵物溼食品牌,不是剛站上起跑點,就是跑速不快,難望汪喵星球項背。 溼食 寵物溼食包含主食罐頭、副食罐頭和生食等。 Profile孫宗德 出生:1990年 現職:自力耕生創辦人、清大Young Ten召集人 學歷: 清華大學材料系雙主修電機系學士 家庭:已婚 Profile自力耕生(股) 成 立:2013年…

Hitting Refresh

Tackle the Refrigerator THE DIRTY TRUTH Sure, you wipe up spills. But if you haven’t done more than that in six months or so, it’s time to roll up your sleeves. Per a 2019 American Cleaning Institute survey, 41 percent of us don’t even remember the last time we really sanitized this space. And while it’s satisfying, the goal isn’t just Instagram-worthy organization—this is for your health. The standard temp inside a fridge (about 40 degrees) makes it hospitable to germs and fungal mold, says New York University microbiologist Philip Tierno, PhD. THE DEEP CLEAN Pet hair, dust tumbleweeds, and stray green beans can accumulate underneath and behind this appliance, covering the condenser coils that cool its motor and help it run efficiently. So unplug it, or hit the switch for its…

Hitting Refresh
澳洲抗中啟示錄

澳洲抗中啟示錄

今年四月,他們找上了我,希望我幫助他們拓展台灣市場。」澳洲墨爾本台商會長葉芳如口中的「他們」,是澳洲知名保健品大廠斯維詩(Swisse)。 「這是以前沒有發生過的⋯⋯。」長年經營澳台之間物流與電商業務的葉芳如回憶,過去斯維詩只有一個專責部門負責出口,該部門對外接洽業務的國家,基本上也只有一個,「就是中國。」 但今年初,原本只與中國代理商談的斯維詩,特別從出口部門拉出十幾個人,另外成立東南亞市場部門,其中,葉芳如強調,又以台灣為重心。 為何斯維詩突然開始重視台灣與東南亞市場?表層原因,是這個澳洲品牌在中國市場的銷量快速惡化,今年首季,斯維詩的中國業績竟比去年同期疫情猛爆期間更慘,營收驟降逾一○%。 交惡開端 澳洲追問病毒源頭 遭中國出招重擊 至於造成中國市場銷量崩落的深層原因,葉芳如坦言,是過去一年中國與澳洲關係的快速惡化。…

聯電被看扁的贏家

在六月二十二日瑞銀舉辦的投資論壇上,聯電宣告今年第二季產能利用率百分之百,而市場最夯的二八奈米產能,今年與明年都將可達到二○%成長。 漂亮的數字,吸引各路法人紛紛投注熱烈的目光。這是聯電闊別十多年來,重新享受到資本市場的關愛。 聯電曾與台積電並列「晶圓雙雄」,但一個早已是鋒芒萬丈的護國神山,而另一個卻默默在角落獨守成熟製程,忍受市場伴隨來的酸言與奚落聲。 從角落重返舞台中央,這個距離有多遠? 董座洪嘉聰點滴在心頭,但他說:「無論好壞,笑罵由人吧⋯⋯。」熬了十多年的苦日子,終究,是到了盡頭! 多年前, 同為台灣「 晶圓代工雙雄」, 一家破釜沉舟「 根留台灣」,一家大膽偷跑「西進中國」,從此走向不同的命運。前者台積電一路以來桂冠加身承載無限光環,而後者聯電製程、技術皆不如人,無論是在股市、社會上,接收的酸言酸語,恐怕遠高過稀落的掌聲。 多年下來,台積電全力衝刺先進製程,不只遙遙領先聯電,還一步步甩開英特爾、三星的苦苦糾纏,穩坐全球晶圓代工龍頭寶座,以及護國神山難以動搖的地位,成為全國人民心中的榮耀之星、台灣之光。…

聯電被看扁的贏家
Bye-Bye, Brain

Bye-Bye, Brain

Anne was in the prime of her career — a trial lawyer working as a partner for a major law firm in Cincinnati — when she began to lose her mind. A fitness enthusiast, Anne was only 50 when she realized something was amiss. “The first thing I noticed was that my hands would begin to shake while I was sitting at my desk,” she recalls. Perplexed, she went to see a neurologist at the Cleveland Clinic, who referred her for CT and MRI scans; both came back normal. She was given a diagnosis of essential tremor disorder, a progressive but not life-threatening condition. But within months, new symptoms began to appear: brain fog, memory loss, problems with reading and understanding even the simplest sentences. The work she had excelled at throughout…

Nomad Land

Nomad Land

The ancient Greek philosopher Heraclitus said you can’t step in the same river twice. If he were alive today and had an eye for design, he would probably say the same about Vicente Wolf’s Manhattan loft. Ever since the 1980s, when the interior designer acquired and combined two units in a 1928 brick factory building in Hell’s Kitchen, the gestalt has been the same: white walls and a white-painted floor; explosions of greenery cheered on by a dozen huge windows (“Here, no plant dies,” he says); and furniture and decorative objects that he designed or retrieved from the four corners of the earth. (Wolf is a notoriously adventurous traveler. While other people were skiing or enjoying beach vacations this winter, he was in Sudan.) Certainly anyone who dipped a toe into…

中國鎖藥危機

這是一場沒有硝煙味的寧靜戰爭,爭奪的,是被美國總統拜登視為四大戰略物資之一、與半導體晶片同等地位的「藥品」。 在這場無聲的戰役中,發動攻勢的,是以「大中華區」為名、在全球攻城掠地的中國藥廠;而守方,則是近年與國際新藥大廠談判代理與銷售權時,屢屢碰壁的台灣業者。 在「BNT疫苗破局」事件沸沸揚揚之後,面對中國下一波可能的「鎖藥危機」,台灣政府與產業又將如何應對? 「們,大概從四、五年前開始,就都是用『大中華區』的名義在談(授權)。」談及中國近年在亞太新藥市場暴增的「存在感」,某大藥商資深副總語氣中透露一絲苦澀。 以前,台灣藥品市場不是原藥廠直接在台設分公司銷售,就是台灣代理商拿授權;近年來,新興崛起的中國藥廠卻以制霸姿態和原藥廠談,一談就是「大中華區」代理權,台灣也包含在內。 春江水暖鴨先知,台灣第一線和原廠談授權的業務,最先感受市場風向的轉變。 第一線業務的無奈 銷售權不是被搶走 就是接觸沒下文…

中國鎖藥危機
美國大基建效應全解讀

美國大基建效應全解讀

自從我們建立了洲際公路系統、打贏了太空爭霸賽,美國就再也沒有足堪比擬的計畫,直到現在……。這是二戰以來美國最大的一筆投資!」美國總統拜登(Joe Biden)四月七日發表這段演說時,語氣其實頗為平淡。畢竟,他在一周前的三月底已對外公布這項計畫,今天頂多算是補充說明。 他的後方站著美國副總統賀錦麗(Kamala Harris),再後方則是一片背板。在拜登所屬民主黨代表色藍色襯底的背板上,畫著幾位在高塔上賣命施工的工人剪影,簡單卻精準,傳達了這項計畫的基本意涵。 它的名稱是「美國就業計畫」(American Jobs Plan,簡稱AJP),短期目標是創造就業機會,達標的手段是翻修、興建美國基礎建設;而拜登四月七日的「補充說明」,則成功強化了這項計畫的想像空間,一種史詩級般的想像空間。 他說這是「二戰以來最大投資」,這句話憑藉的,是二.六五兆美元的計畫總額。即使扣掉其中關於「綠能產業租稅抵免」的四千億美元,政府支出的手筆仍達二.二五兆美元,相當於六十三兆元台幣。…

The world beyond Delta

EXPERTS PREDICTED, FROM THE START, THAT THE pandemic would end with a whimper, not a bang. That is, COVID-19 won’t so much disappear as fade into the background, becoming like the many other common infectious diseases that sicken people, but also can be controlled with vaccines and drugs. “This can become a livable pathogen where it’s there, it circulates, you’re going to hear on the evening news about outbreaks in a dorm or a movie theater, but people go about their normal lives,” former U.S. Food and Drug Administration (FDA) Commissioner Dr. Scott Gottlieb predicted in an April 2020 interview with TIME. For a while, it felt like the U.S. was closing in on that point. Highly effective vaccines made their way into millions of arms. The U.S. Centers for Disease…

The world beyond Delta
BACK TO THE FUTURE

BACK TO THE FUTURE

STEP 1 BUILD A NEW NEUE KLASSE Reaching for a comforting squeeze of the past while contemplating the seismic changes of the near future is nothing new in contemporary car making. But BMW is reaching and squeezing on a different scale to most. Where the likes of Honda and Renault looked back and drew inspiration for a couple of individual cars to create the cute E and the R5 (see page 86), BMW is looking to an entire generation of machines, the Neue Klasse of the ’60s and ’70s. Why? Because so much that made, and continues to make, BMW great (including the combustion engine) is going out of the window. After a bumpy start, Munich’s electrification starts here, in earnest. With the i3 and i8, BMW went electric early, got burned,…

IL DOPO CHE È ORA

«MIART NON È SOLO BUSINESS, MA L’OCCASIONE PER VEDERE UN’INCREDIBILE QUANTITÀ DI OPERE, CHE VA DAI PRIMI DEL ’900 AI GIORNI NOSTRI» NICOLA RICCIARDI La venticinquesima edizione di miart parla il linguaggio della poesia. Dal 17 al 19 settembre, parallelamente all’Art Week, la fiera internazionale d’arte moderna e contemporanea di Milano torna a fieramilanocity con un programma ibrido, insieme fisico e digitale. E con un mantra, tratto dalla raccolta di versi omonima del poeta Charles Simić: Dismantling the Silence, ovvero “smantellare il silenzio” – quello che ha caratterizzato il mondo dell’arte e della cultura nell’ultimo anno e mezzo –, in cerca di nuovi modi di comunicare. A dirlo è il neodirettore Nicola Ricciardi, curatore e critico d’arte (è stato fino al 2020 direttore artistico del polo culturale OGR Torino) che cita anche…

IL DOPO CHE È ORA

STRIKE A POSE

When Dua Lipa guest-hosted Jimmy Kimmel Live! last August, one standout skit set the net ablaze. Who-a Lipa? saw one of Britain’s most famous musicians quizzing a group of pensioners, none of whom had any idea what a Dua Lipa was, let alone that they were talking to one. “That’s terrible,” one woman grimaces, as a giggling, disguise-free Dua holds up an image of herself in a yellow tartan crop top. “If I had a daughter, I wouldn’t want her to go out in that.” The stunt worked, of course, because of how major the two-time Grammy, two-time MTV Europe Music Award and three-time Brit winner has become – a singer who emerged from one of her industry’s toughest years as a pop behemoth. How did she do it? “With my…

STRIKE A POSE

THE 2022 HOME GYM AWARDS

WHEN TRAINER Rashaad Slowley (above) moved from New York City to Miami near the end of 2020, he planned to build a garage gym. He just didn’t plan on that task being so hard. “I quickly learned that this is not an overnight job,” he says. “A lot of sweat equity and money was put in to build something great.” That’s because the ideal home training space is more than a yoga mat and a Shake Weight. The perfect home gym holds your attention long-term because it offers a variety of training options, letting you crush a cardio session one day, build strength the next. And now is the best time to create that space. Covid lockdowns sparked home-fitness innovation in a host of forms, as companies upgraded everything from the…

THE 2022 HOME GYM AWARDS

台股之狼

四月一日愚人節,對上萬名康友投資人來說,這是痛苦的一天。因為曾貴為台股股后、生技股王、總市值逾五百億元的康友-KY下市了。 證券投資人及期貨交易人保護中心(簡稱投保中心)正式為登記的四千多名投資人提出求償四十七.五億元的民事訴訟,連外資挪威中央銀行也成受害者;康友自救會裡的兩千多人,也將提出不低於投保中心的求償,總求償金額或逾百億元。 災情不斷延燒到其他同屬KY(見左頁小辭典)的上市公司。康友事件去年八月爆發至今,地雷仍一個個引爆中,淘帝-KY、英瑞-KY、VHQKY、凱羿-KY相繼爆出財報難產、財務困難、財務表現差異巨大等事件,股價也紛紛暴跌,讓投資人慘賠。 為避免演變成系統性風暴,三月二十二日,證交所一口氣將二十家KY公司列入警示,宣誓要加強KY公司的監理。 但一位所長級的資深會計師說,這已是系統性問題,出問題的絕對不只四家。 康友坑殺投資人、黑吃黑、股權移轉不明、財報不實,揭開這個黑幕,看它為何最終釀成五百億市值蒸發的大悲劇。而面對一連串股市陷阱,台灣投資人該如何自保? 角色1:被騙上鉤的小散戶 出事後只能偷哭,不敢讓家人知道…

台股之狼

DARE TO DREAM

WHEN DARYL SIMON AND HER HUSBAND, IRWIN, PURCHASED A RARE PIECE OF land in Bridgehampton, New York, for a weekend and summer home, they were clear on one thing: They didn’t want a traditional Hamptons beach house. There would be no homage to the Shingle Style’s steeply peaked rooflines, no Colonial Revival for the 21st century, and no corporate swaths of glass. Instead, for the 10 acres located between deeded farmland and Sagaponack Pond, the Simons recruited an unusual team: Architecture Plus Information (A+I), known for creating tech offices with a humanist touch, and designer Poonam Khanna, an architect by training whose studio, Unionworks, has been quietly running on word-of-mouth commissions since its founding in 2007. Based in Brooklyn and Philadelphia, Khanna was born in Chandigarh, India; she began her career…

DARE TO DREAM
Fine fusion

Fine fusion

When interior designer Peter Mikic first stepped inside his stuccoed Notting Hill town house a decade ago, he was greeted by a band of pigeons. “They’d totally taken over the third floor,” he says. Originally two properties, it had been converted in the 1970s into a 22-bedroom hotel by ripping out staircases, blocking up entrances and wreaking havoc with the historic features. “It was in such a bad state that you couldn’t even open the back door,” says Mikic. Undeterred, the Australian, who is a master of metamorphosis, swiftly set about transforming the space into the opulent five-bedroomed home he now shares with his television producer partner Sebastian Scott. “I just love it here,” says Mikic of the area where Stella McCartney and Jeremy Irons are neighbours. “It’s quiet, but step…

台幣升值壓力關鍵報告

一封罕見的臉書「求救信」、一項即將出爐的美國政府人事任命案,以及一篇「『圖』帶玄機」的匯率報告,三條不同的敘事軸線、共同交織而成的,是一場「困局」,一場讓中央銀行總裁楊金龍深陷其中的「新台幣困局」。 在這場困局當中,一邊,是美國老大哥可能的貿易制裁;另一邊,是國內業者的悲情吶喊。楊金龍跨出匯率泥淖有無可能?進退維谷的央行,最終是否能找出與強台幣「共處」的解方? 粉絲專頁是在二○一八年底成立的,兩年多來,中央銀行的臉書貼文多半是單調的圖表、生冷的政令。於是,雖然只是加上了不太精美的插畫,但二○二一年一月七日的這則貼文,仍是央行粉專頁面最活潑的一次亮相。 然而,難得擺出輕鬆姿態的貼文,其實卻是一封極具重量的「求救信」。 「同舟共濟,穩定匯市大家一起來」,這是求救信的標題。要救的,是「匯市穩定」;求救的人,是央行總裁楊金龍。 二○年三月至今,新台幣對美元匯率在十個月內從三十元以上幾度剽悍升破二十八元,二一年一月十三日盤中,改寫二十三年半以來新高。但過去二十年來總被認為能夠「阻升新台幣」的央行,這一次,干預匯率的手,幾乎已被綁上重重鎖鏈。…

台幣升值壓力關鍵報告
CHANGE AGENT

CHANGE AGENT

FRANCES HAUGEN IS IN THE BACK OF a Paris taxi, waving a piece of sushi in the air. The cab is on the way to a Hilton hotel, where this November afternoon she is due to meet with the French digital economy minister. The Eiffel Tower appears briefly through the window, piercing a late-fall haze. Haugen is wolfing down lunch on the go, while recalling an episode from her childhood. The teacher of her gifted and talented class used to play a game where she would read to the other children the first letter of a word from the dictionary and its definition. Haugen and her classmates would compete, in teams, to guess the word. “At some point, my classmates convinced the teacher that it was unfair to put me on…

THE 2OTH ANNUAL MEN’S HEALTH TECH AWARDS

THE 2OTH ANNUAL MEN’S HEALTH TECH AWARDS

BACKBONE ONE: PLAYSTATION EDITION This PlayStation-inspired controller seamlessly hooks up to your iPhone so you can play PS games on the go. In the collapsed position, it’s even smaller than a Nintendo Switch, taking up less space in your travel bag. $100; playbackbone.com AVENTON LEVEL.2 COMMUTER E-BIKE Aventon’s latest e-bike has an updated torque sensor for a buttery-smooth ride, and its integrated lights mean more visibility on the road. $1,949; aventon.com DJI AVATA This new drone connects to a pair of HD goggles and an easyto-use remote control, allowing you to zip through any room or landscape in 4K. Boasting an impressive 18-minute flight time, DJI’s second first-person-view drone really makes you feel like you’re flying IRL. $1,388 (with goggles, remote); store.dji.com GOPRO HERO11 BLACK MINI This is the budget video camera to buy. It offers the…

SEEKING LOST LIGHT

SEEKING LOST LIGHT

I never wanted to be an astrophysicist. While a lot of my colleagues were looking through amateur telescopes, I was dreaming of decoding hieroglyphics and brushing off hidden artifacts in newly discovered Ancient Egyptian tombs. As is the case with most young Egyptophiles, for me there was one story that captured the excitement of Ancient Egyptian discoveries more than any other: the discovery of the tomb of Tutankhamun. In November 1922, British archaeologist Howard Carter held up a candle and peered through a small drill hole in the tomb door. His patron, Lord Carnarvon, asked him if he could see anything, to which Carter, struck dumb with amazement, could only reply, “Yes, wonderful things, wonderful things!” He recounted later that, in the dim candlelight, “details of the room emerged slowly from…

Learn to Love Networking

Learn to Love Networking

“I HATE NETWORKING.” We hear this all the time from executives, other professionals, and MBA students. They tell us that networking makes them feel uncomfortable and phony—even dirty. Although some people have a natural passion for it—namely, the extroverts who love and thrive on social interaction—many understandably see it as brownnosing, exploitative, and inauthentic. But in today’s world, networking is a necessity. A mountain of research shows that professional networks lead to more job and business opportunities, broader and deeper knowledge, improved capacity to innovate, faster advancement, and greater status and authority. Building and nurturing professional relationships also improves the quality of work and increases job satisfaction. When we studied 165 lawyers at a large North American law firm, for example, we found that their success depended on their ability to network…

Russia’s New Brain Drain

Russia’s New Brain Drain

In Kyrgyzstan, a member of parliament urgently called on the government to start creating jobs and setting up temporary housing for the information technology professionals now arriving daily from Russia. Even a poor Central Asian nation that exports cheap migrant labor for Russian construction sites and fast-food restaurants looks like a safe haven to thousands of educated Russians fleeing the cataclysm Vladimir Putin created by invading Ukraine. This can no longer be described as brain drain: It’s a stampede for the exits. Konstantin Sonin, an economist at the University of Chicago, has estimated that some 200,000 Russians fled in the first 10 days of the invasion—to Kyrgyzstan, Armenia, Georgia, Kazakhstan, Turkey, Israel—any country that admits Russians visa-free. That’s a small number compared with the 2.8 million refugees who’ve left Ukraine, but…

WONDER WOMAN

WONDER WOMAN

In the kitchen of her Tribeca apartment in downtown New York, one blustery afternoon in spring, Gisele Bündchen is in full domestic goddess mode: mandolin slicer in one hand, freshly peeled carrot in the other; her undone beachy waves falling over a grey cashmere sweater. With its pristine marble countertops, minimalist oak-panelled floor-to-ceiling cabinets and sweeping views of the Financial District, she might only spend a few nights each year at her Manhattan home, but it is immediately clear I have floated into supermodel land. “What kind of tea can I get you?” she says, flinging open her pantry. Boxes are fastidiously organised by herb type: fennel, chamomile, peppermint. Although she hasn’t touched coffee in years, her energy levels would suggest otherwise. Bündchen is full of beans, speaking non-stop in delighted…

HOW WE DID IT

I WILL NEVER forget seeing my father cry. We were on the campus of Stanford University, meeting with the renowned economist W. Brian Arthur to learn more about his theory of increasing returns. I didn’t expect it to be an emotional conversation. But when my father, Ernesto, started to describe our family business, illycaffè; our industry, coffee; and his desire to see more of its returns distributed to the developing-world farmers who supplied its beans, his voice cracked and tears filled his eyes. He described his deep frustration over vast disparities in the living conditions enjoyed by the world’s consumers of coffee and those endured by its producers. He explained that our goal was to spearhead a change. At the time (this was in the 1990s), most coffee beans were still…

HOW WE DID IT

SHOP YOUR house!

Beth and E.L. Caraway’s 1950s Craftsman-style home in Fort Worth, TX, has always had lots to love. An avid collector of vintage pieces and flea market finds, Beth had filled it with eclectic charm and character, and stashed away stuff there wasn’t room to display. And then the last of their three grown children moved out, and the time felt right to refresh their empty nest. For perspective, the couple hired designer Shauna Glenn. “The first thing we did was go room by room and assess what we had,” says Beth. And so began a game of musical chairs, rugs, art, and more. They also refurbished old furniture, sprinkled in a few new buys (Beth was more than happy to shop!), and brightened up rooms with paint. “All of our…

SHOP YOUR house!
READY, SET, PROTECT

READY, SET, PROTECT

FOR YEARS, sunscreen was about utility. Shopping for one meant scanning the SPF aisle, looking at the same familiar brands, and picking a sensible option—the beauty equivalent of taking your medicine (and just as important since sunscreen is the most preventative anti-aging product, helping stave off lines and wrinkles and, of course, prevent skin cancer). All that’s changed in the past couple of years. According to the data-analysis firm Spate, in 2021, online searches for sunscreens that don’t leave a white cast were up a whopping 610 percent compared with 2019. “Consumers aren’t willing to give up cosmetic elegance anymore, and companies are rising to the challenge to make a sunscreen that’s as cosmetic as it is clinical,” says New York dermatologist Michelle Henry. Now it’s easier than ever to…

安全有錢,民眾無感台灣比日韓更美好?

安全有錢,民眾無感台灣比日韓更美好?

一隻看不見、摸不到的病毒,顛覆全球七十八億人口的生活。 空蕩蕩的街道、渺無人煙的海灘,猶如電影《二十八週毀滅倒數:全球封閉》。對台灣而言,這些曾經虛幻的場景,如今卻全部都化為真實的日常。 二○○八年的金融海嘯,世界各國體認到過去追求經濟發展,忽視分配而出現反省聲浪;二○二○年的新冠病毒,卻讓狂飆下的高風險社會現了形。 「後疫情時代,中產階級充分感受到生活一夕之間逆轉,」台大社工系教授古允文說,當政府或社會沒有妥善的安全制度,人民只好透過搶保單來抵禦風險。 然而,世上沒有任何一張保單,可以保障我們所有幸福安康。病毒再強大,台灣終需從眼前的挫敗中再起,此時需要的是趁機重新省思過去經濟發展模式,以及在新生疫病和氣候變遷的催化下,打造給予人民美好生活、創造永續幸福的新模式。 為檢視台灣在各面向的發展狀況,《天下雜誌》依據OECD(經濟合作暨發展組織)從二○一一年起公布的「美好生活指數」(Better Life Index),進行二○二一「天下幸福生活指數」調查,以攸關人們生活和福祉的十一項領域,涵括二十四個主、客觀指標,全方位評比,並比照OECD四十個主要會員國和伙伴國家排名。(表1)…

INBOX

INBOX

ON A COLLISION COURSE (“Is the Universe Infinite?”, Dec 2020) In the article is this statement: “Soon they learned the universe was expanding, too, with galaxies retreating from each other at ever-accelerating speeds.” If this is correct, there can be no collisions between galaxies. But then how does one explain spiral galaxies, the origins of which are explained by the collision of two or more galaxies? James AdieEnterprise, Ala. Author Eric Betz responds: For brevity’s sake, we omitted a detail pertinent to your question. Galaxies in general are retreating from each other, or red-shifted. This was first established observationally by Vesto Slipher and Edwin Hubble, and it’s been confirmed by repeated observations over the past century. However, from our local perspective, a handful of galaxies, like Andromeda, are actually blue-shifted, or moving closer to us.…

China’s Chip Hurdle

China’s Chip Hurdle

Last month this column—along with the world’s capital markets—wondered why Beijing would hurt its own tech stars, such as Ant Financial, Didi Chuxing and TAL, with a barrage of new regulations. My thought was that President Xi Jinping was waving a red flag at China’s tech talent: Turn your attention away from splashy consumer tech: online loans, ride shares, tutoring games and the like. Get busy on strategically core technologies, for example, semiconductors. Xi’s bid for national self-sufficiency of at least 70% in critical tech by 2025 is bogged down by China’s weakness in this most strategic of all technologies. A bit of history. Fifty years ago this November, America’s Intel laid the foundation of the digital era with the 4004, the world’s first microprocessor. The project had started in 1969…

Milestones

DIED Shonka Dukureh BY BAZ LUHRMANN Shonka Dukureh was authentically spiritual. Her inner life was large—you could see it through her actions and hear it in her voice. She played the singer Big Mama Thornton in my recent film Elvis, and she was a beloved gospel singer and teacher in Nashville. When we first encountered Shonka, she was singing, and you could hear how her voice lifted people up. That was really important to the film because Elvis was an intensely spiritual person himself and I knew I would need great performers to shine a light on the seminal Black artists who influenced him. Shonka really brought Big Mama Thornton to life with tremendous passion and confidence, and I’m grateful she was able to share her gift with a wider audience. Shonka was…

Milestones

How Good Is Your Company at Change?

AUTHORS It was a month like no other that Delta Air Lines had ever experienced: March 2020. Travel bans and rising coronavirus fears sent bookings into negative territory—more customers were canceling upcoming trips than booking new ones—and at the nadir the airline cut 85% of its flights. Not even the terrorist attacks of 9/11 had precipitated such a sharp drop in business, and the decline was accelerating each day. Unprecedented change required a serious response. A week after the United States locked down, Delta began calling big corporate clients and surveying leisure travelers. What can we do, the company asked, to make you more comfortable with air travel? Customers consistently said they just didn’t feel at ease being seated next to strangers, even with mask requirements, improved air-circulation technology, and heightened cleaning. Though…

How Good Is Your Company at Change?

On With THE SHOW

The world is falling apart. It feels like we’re the Antrobus family in Thornton Wilder’s The Skin of Our Teeth, somehow going about our lives while a shift in a geological epoch or two rages just outside. Coup hearings bookmark a yearslong pandemic. A leaked draft of a SCOTUS opinion forecasts the end of the constitutional right to abortion. An electric-car edgelord who was supposed to save the planet with style and batteries has proved to be more Wizard of Oz than science-fiction messiah. Yet there is reason for hope. So sayeth artists making their way through the existential muck of life. Take Oh God, a Show About Abortion, created by comedian Alison Leiby and presented, for its run at New York’s Cherry Lane Theater, by her friend and colleague Ilana Glazer.…

On With THE SHOW
資金派對下最冷靜的財富管家

資金派對下最冷靜的財富管家

根據瑞士信貸最新公布的「二○二一全球財富報告」(Credit Suisse Global Wealth Report)指出,台灣高資產人士的財富正突飛猛進成長。報告顯示,台灣去年平均每位成人財富增加一萬五二七○美元,達到二十三萬八八六○美元;以中位數來說,台灣每位成人財富也足足提高六六六○美元,達九萬三○四○美元。以人數計算,台灣的百萬美元富豪人數,預估到二五年將增加至一○三.一萬人,比二○年增加六九.三%,成長幅度遠大於韓國的六八.六%、新加坡的六一.九%,及香港的五九.八%。 無論財富或人數,台灣都以亞洲之冠的亮眼成績快速成長,這不僅代表台灣經濟的成長,更是財富管理的底氣。底氣足了,接下來,就看江湖門派各自高下,各家銀行各展神通了。…

大疫之下永續城市戰鬪記

大疫之下永續城市戰鬪記

台北萬華社福中心會談室的小窗子看出去,就是龍山寺莊嚴的重檐歇山頂;室內,男人任由沉甸甸的肉身陷入沙發椅,「遠離顛倒夢想,究竟涅槃⋯⋯。」他低誦《心經》,同時也陷入自己的半生回憶。 大家都叫他「胖胖」(化名),胖胖眼神溫柔無害,皮膚上卻有被太陽與風摧殘的痕跡。他已在街頭當了多年的無家者,原先跟父母、兒子住在中和,但陰錯陽差碰了安非他命,腦子開始變得奇怪,有東西會在裡頭呢喃,「像是旁人在聊天,我聽到聲音,沒聽到內容⋯⋯。幻聽,讓我很害怕。」 「我離開家裡,是因為⋯⋯。」淚珠在胖胖眼裡忽地滾了起來,「我兒子那時候調皮搗蛋,我應該是走火入魔了,把他拉到旁邊用力踹⋯⋯。」他仰頭,沒讓淚水流下來,「⋯⋯我打斷我兒子的腿。」於是,他離開老家與親人,開始在街頭流連。「有段時間就算拿了身障補助,我也用來買菸,痛苦嗎?我只覺得整個人茫茫渺渺。」日子像是一片漫長的焦糊。 但萬華這片土地,就像庇護眾生的龍山寺,它不過問你過去或現在,不過問你貧富,它只扮演著弱勢者的生天活路。「還好大楚他們來關心我們。」胖胖說。…

10 Ways to Boost Your Wi-Fi Signal

10 Ways to Boost Your Wi-Fi Signal

Browsing slowed to a crawl, the inability to stream, dropped Wi-Fi signals, wireless dead zones—each of these problems is maddening in a world where getting online has become, for some, as necessary as breathing (well, maybe not that critical—but still important). When the only way you can get decent reception is by standing next to your wireless router, our tips can help. 1. CHECK YOUR WIRED INTERNET CONNECTION Before you blame Wi-Fi, make sure the internet coming into your house is performing as it should. Find an Ethernet cable and plug your computer directly into your modem—if your laptop doesn’t have an Ethernet port, you’ll need a USB to Ethernet adapter. Then run a speed test. If your speed-test result doesn’t match the speed on your internet bill, you may need to call…